Consumers could soon see the cost of everyday goods spike if the Middle East conflict drags on. The effective closure of the Strait of Hormuz is impacting supply chains for medicine, food, plastics and more. CNBC’s Garrett Downs breaks down what the conflict could mean for affordability in the run up to the midterms.
Reporter: Garrett Downs
Produced and Edited by: Macklin Fishman
Camera: Steve Washington
Animation: Emily Park, Jason Reginato
Senior Managing Producer: Shawn Baldwin
Additional Footage: Getty Images
Additional Sources: BofA Securities, Plastics Insights
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How The Iran War Could Raise The Cost Of Medicine, Plastics And Groceries
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